The GST portal has introduced a new feature allowing taxpayers to view their exact Annual Aggregate Turnover (AATO) for the previous financial year, moving beyond the previous 'Above or Upto Rs. 5 Cr' slabs. Taxpayers can also see their current financial year's turnover based on filed returns. Crucially, a 'turnover update' facility is now available, enabling taxpayers to correct any discrepancies between the system's calculation and their own records. This update can be made twice within a month of the functionality's rollout, after which it will be reviewed by the Jurisdictional Tax Officer.
GSTN has implemented a new functionality on taxpayersdashboards with the following features:
The taxpayers can now see the exact Annual Aggregate Turnover (AATO) for the previous FY, instead of just the two slabs of Above or Upto Rs. 5 Cr.
The taxpayers can also see the Aggregate Turnove
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to
CCI PRO
for unlimited access
Why Upgrade to
CCI PRO?
-
No Ads
-
WhatsApp Broadcasts
-
Daily E-Newsletter
-
Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits
Already a PRO member?
Login here
for an ad-free experience.
FAQ :
A new functionality has been deployed allowing taxpayers to view their exact Annual Aggregate Turnover (AATO) for the previous financial year and their current financial year's turnover based on filed returns. It also includes a facility to update their turnover.
Yes, taxpayers can now update their Annual Aggregate Turnover if they believe the figure displayed on their dashboard differs from their records.
Taxpayers can amend their turnover figures twice within a period of one month from the date the functionality was rolled out.
After the taxpayer has made amendments twice, the figures will be sent for review by the Jurisdictional Tax Officer, who can then amend the values.
Yes, the facility for turnover update is provided to all GSTINs registered on a common PAN, and any changes will be summed up for the AATO computation for each GSTIN.